Lockheed Martin receives $1.4 billion for Patriot missile sales

Lockheed Martin's Patriot Advanced Capability-3 interceptor has
been sold to 10 international customers. U.S. Army photo by Sgt. Kyle
Fisch

Lockheed Martin has received a $1.4 billion foreign military sales contract for Patriot advanced capability production.

The contract supports the sale of 205 missile
segment enhancements for the governments of South Korea, Qatar, Saudi
Arabia, Taiwan, the United Arab Emirates and the United States. The
agreement also includes associated ground support equipment for the
missiles.

The U.S. Department of Defense
reports the work will be performed at several locations, and expects it
to be completed by June 2020. $711 million in procurement funds were
obligated at the time of the contract award. Army Contracting Command in
Redstone Arsenal, Ala., is listed as the contracting activity.

The Patriot Advanced Capability-3,
or PAC-3, is a land-based element designed to provide simultaneous and
and missile defense capabilities for U.S. and allied forces. The system
is compatible with THAAD launchers for targeting multiple threats at a
time.

Lockheed Martin says the interceptor is ideal
for engaging incoming tactical ballistic missiles, cruise missiles, and
enemy aircraft. The company says the product has been sold to 10
international customers.